Press release
Filtration And Contamination Control Global Market Report 2024 | Donaldson Company Inc., Cummins Inc., Filtration Group Corporation
Filtration And Contamination Control Global Market
The Business Research Company presents an extensive market research report on the Filtration And Contamination Control Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The filtration and contamination control market size has grown steadily in recent years. It will grow from $40.24 billion in 2023 to $42 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to stringent environmental regulations, growing industrialization, awareness of air and water quality, expansion of healthcare sector, quality standards in manufacturing, food and beverage safety, water and wastewater treatment..
The filtration and contamination control market size is expected to see strong growth in the next few years. It will grow to $51.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to rising concerns about airborne diseases, focus on indoor air quality, expansion of renewable energy, demand for clean energy, increasing water scarcity, regulatory support for filtration.. Major trends in the forecast period include growing emphasis on cleanroom technologies, adoption of hepa and ulpa filters, advancements in nanofiber filtration technology, remote monitoring and iot integration, customized filtration solutions, air purification in hvac systems..
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Key Market Players:
Major companies operating in the filtration and contamination control market report are Donaldson Company Inc., Cummins Inc., Filtration Group Corporation, HYDAC International GmbH, MANN+HUMMEL Holding GmbH, Parker-Hannifin Corporation, Pall Corporation, Eaton Corporation plc, CECO Environmental Corporation, Berkshire Corporation, Clarcor Inc., Mobil Corporation, Filtermist International Ltd., Camfil AB, Freudenberg Filtration Technologies SE & Co. KG, Ahlstrom-Munksjö Oyj, Lenntech B.V., Pentair plc, Veolia Group, 3M Company, Alfa Laval AB, Calgon Carbon Corporation, Danaher Corporation, Evoqua Water Technologies LLC, GEA Group AG, Graver Technologies LLC, H2O Innovation Inc., Koch Membrane Systems Inc., Kuraray Co. Ltd., Lydall Inc., Meissner Filtration Products Inc., Mott Corporation, Nippon Muki Co. Ltd.
Market Drivers:
The emerging pollution from industrial waste is expected to propel the growth of the filtration and contamination control market. Growing industrial setups have increased pollutant emissions, affecting the entire environment. It contaminates numerous sources by emitting harmful toxins into the atmosphere and degrades soil quality worldwide. This increased industrial pollution has emerged the demand for filtration and contamination control products, providing a necessary level of filtration with the application and system. For instance, in February 2022, according to a report published by the World Bank, a US-based financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects, the rapid population growth and urbanization account for the annual waste generation to rise by 73% to 3.88 billion tons in 2050. Therefore, emerging pollution from industrial waste is driving the growth of the filtration and contamination control market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/filtration-and-contamination-control-global-market-report
The filtration and contamination control market covered in this report is segmented -
1) By Filtration Type: Liquid Filtration, Air Filtration
2) By Customer Type: Aftermarket, OEM
3) By Application: Engine, On Road, Agriculture, Construction, Mining and Marine, Industrial, Industrial Machinery, Oil and Gas
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
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